Karoon Gas7 Sep 2016 11:38
I was hoping to see if Karoon Gas were going to drill on Z38 next door to BOIL Z34 but this is the latest from them. Things looking up for BOIL lets hope they get a good project going soon.
Peru Tumbes Basin, Block Z‐38 Karoon 75% Interest Operator While the block remains in force majeure, advanced geophysical studies continued during the quarter. The results of new seismic attribute and AVO analysis are encouraging. The results show a clear distinction between water, oil and gas signatures in reservoirs over the 1,500 square kilometre 3D seismic area. The AVO results, along with 3D seismic data and sea floor drop cores, continue to support the presence of an active hydrocarbon system in the block. Drilling preparations are ongoing